Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. Stock Boards ›
  4. Mullen Automotive Inc. (MULN) Message Board

BloombergNEF Predicts Surging EV Sales Though Addi

Message Board Public Reply | Private Reply | Keep | Replies (0)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 1080
(Total Views: 335)
Posted On: 07/07/2021 5:17:27 PM
Avatar
Posted By: NetworkNewsWire
BloombergNEF Predicts Surging EV Sales Though Additional Policy Action Is Needed

Despite all we have achieved over the last century due to the internal combustion engine, vehicles powered by this technology are also responsible for a large percentage of global carbon emissions. Consequently, most countries have pledged to replace internal combustion engine (“ICE”) vehicles with zero-emission electric cars in a bid to achieve net-zero emissions by 2050. Rather than “dirty” fossil fuels, electric vehicles (“EVs”) are powered by rechargeable lithium-ion batteries and, theoretically, making them our primary modes of transportation could cut carbon emissions by a wide margin.

The EV industry is barely a decade old and makes up less than 2% of global vehicle sales, but according to research company BloombergNEF, electric vehicle sales are going to increase exponentially within the next few decades. The caveat is that the nascent industry will need additional policy action in a wide variety of sectors, especially if we wish to meet green energy goals within the designated timeline.

BloombergNEF’s annual Electric Vehicle Outlook (“EVO”) states that this will cover everything from investing in public charging infrastructure, battery recycling, and EV grants and subsidies to creating new regulations for heavy trucks and encouraging other modes of transport such as cycling or walking.

The annual EVO analyzed what it would take to cut global emissions until they were at par with 2050 projections, and it found that without additional policies, the number of electric vehicles would increase exponentially on the roads over the next two decades. Zero-emission vehicles would increase from 4% to 70% by 2040, electric buses would rise to 83%, electrified light commercial vehicles would increase from 1% in 2020 to 60%, while medium and heavy commercial vehicles would go from almost 0 to a little over 30%.

Although these numbers are impressive, they are just shy of what most countries would like to achieve by 2050, and government support will be instrumental in reaching this goal. The heavy commercial truck segment especially will need policy support, says commercial transport team lead at BloombergNEF Nikolas Soulopoulos.

On top of more stringent carbon emission standards and tighter fuel economy, the decarbonization of heavy commercial fleets is something governments may have to consider, he says. Making smaller trucks, which are much easier to electrify, more attractive for transporting freight by introducing incentives would also be a good idea.

To support mass electric vehicle adoption, the global network of charging stations will need 509 million chargers by 2040 at a total cost of $939 billion. Global electricity production would have to go up by 25% by 2050 to meet the increased demand for power. Additionally, battery recycling will be crucial to efforts to beef up the supply of the rare metals used to produce lithium-ion batteries and to prevent dead batteries from polluting the environment.

So while the electric vehicle sector is poised for major growth, extra policy support will ensure ancillary sectors that prop it up grow as well and make 2050 green energy projections more achievable.

With companies such as Net Element (NASDAQ: NETE) joining the EV sector, a lot is going to happen fast, and the innovations could accelerate EV adoption among members of the public.

NOTE TO INVESTORS: The latest news and updates relating to Net Element (NASDAQ: NETE) are available in the company’s newsroom at http://ibn.fm/NETE

Please see full terms of use and disclaimers on the Green Car Stocks website applicable to all content provided by GCS, wherever published or re-published: https://www.GreenCarStocks.com/Disclaimer






(0)
(0)




Mullen Automotive Inc. (MULN) Stock Research Links


  1.  
  2.  


  3.  
  4.  
  5.  






Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us